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Overview
Commercial Freehold with Solid, Long Term Lease Return
This commercial freehold property is prominently located opposite major retailers including Bunnings, Forty Winks, and Pets Domain, offering excellent exposure in a thriving retail precinct. The site benefits from a near three-year commercial lease expiring in October 2028, with additional seven-year option periods available, making it a secure and attractive investment opportunity.
The commercial premises feature approximately 54 square meters of net lettable area, designed to accommodate outdoor dining and equipped with amenities and a storage room. The current lease income is $45,760 per annum, with the lessee responsible for all council rates, water, and utilities, enhancing the investment's appeal.
Constructed around 1995, the property includes a surprising residential component of approximately 200 square meters, comprising four bedrooms and one bathroom spread over two levels. This residence offers potential for further development, subject to council approval (STCA).
The site spans approximately 784.1 square meters and enjoys main road frontage, providing excellent visibility and accessibility. It is uniquely positioned as the only eatery within a 600-meter radius in this progressive location, adding to its commercial value.
Additional features include three-phase power, natural gas, an above-ground grease trap, a cool room, secure off-street parking, and an incomplete shed structure, all contributing to the property's functionality and versatility.
This offering represents a rare opportunity to enter the tightly held commercial market in Young. The vendor is motivated and prepared to negotiate, presenting an excellent chance for investors or owner-occupiers seeking a solid commercial asset with long-term lease security and development potential.
Please note that while care has been taken to ensure the accuracy of the information provided, prospective buyers should conduct their own due diligence to verify all details. No warranty or representation is made regarding the completeness or accuracy of the particulars.
Change History
| Headline | When |
|---|---|
| $799,000 (No GST) | |
| $799,000 |
Location
Young NSW 2594
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 54 sqm |
Market Insights for Young NSW 2594
Other properties in this postcode
Contact Agent for Buyers Guide
216 Good Friday Gully Road, Maimuru NSW 2594
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
